Relationship

U.S. natural gas prices may well go higher over the next 18 months to two years, but a few things could stand in their way, including stronger-than-forecast dry gas output from unconventional plays, including the Haynesville and Barnett shales, Credit Suisse analysts said Wednesday.

Drilling technologies have transformed the competitive landscape within the oil and gas industry and altered the traditional pricing relationship between crude oil and natural gas, but there’s still plenty of room for horizontal drilling and hydraulic fracturing (fracking) services to grow, according to Standard & Poor’s Ratings Services (S&P).

Drilling technologies have transformed the competitive landscape within the oil and gas industry and altered the traditional pricing relationship between crude oil and natural gas, but there’s still plenty of room for horizontal drilling and hydraulic fracturing (fracking) services to grow, according to Standard & Poor’s Ratings Services (S&P).

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued a proposal seeking to strengthen the federal-state relationship with respect to pipeline damage prevention, as well as the enforcement process.

In an effort to give analysts and industry more comprehensive information on the relationship between natural gas inventory changes and types of storage facilities, the Energy Information Administration (EIA) — starting with the March 22 edition of the Weekly Natural Gas Storage Report — is providing breakouts of inventory levels at salt cavern and nonsalt cavern facilities for the weekly estimates of working gas in underground natural gas storage inventories in the Producing Region, defined as Alabama, Arkansas, Kansas, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

In an effort to give analysts and industry more comprehensive information on the relationship between natural gas inventory changes and types of storage facilities, the Energy Information Administration (EIA) — starting with the March 22 edition of the Weekly Natural Gas Storage Report — is providing breakouts of inventory levels at salt cavern and nonsalt cavern facilities for the weekly estimates of working gas in underground natural gas storage inventories in the Producing Region, defined as Alabama, Arkansas, Kansas, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

Indigo II Louisiana Operating LLC said it has made a new oil discovery in central Louisiana with its first horizontal well targeting the Louisiana Eagle Ford Shale (LA Eagle Ford).

The surge of U.S. shale gas supplies has caused a large-scale rethink on liquefied natural gas (LNG) and the relationship of the U.S. gas market to that of the rest of the world. Those who used to watch U.S. shores for inbound tankers now wonder how soon and how many tankers will leave this country loaded with liquefied shale gas.

The pummeling of oil and natural gas producer stocks, which began last week, continued Monday as the Dow Jones Industrial Average plunged 634 points on the first day of trading after Standard & Poor’s (S&P) late Friday downgraded the United States credit rating from “AAA” to “AA+.”